Today’s Price Action: Will MB Financial Inc Run Out of Steam Soon?

Today's Price Action: Will MB Financial Inc Run Out of Steam Soon?

The stock of MB Financial Inc (NASDAQ:MBFI) hit a new 52-week high and has $47.14 target or 9.00% above today’s $43.25 share price. The 5 months bullish chart indicates low risk for the $3.61B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $47.14 price target is reached, the company will be worth $324.90M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 152,067 shares traded hands. MB Financial Inc (NASDAQ:MBFI) has risen 21.18% since April 20, 2016 and is uptrending. It has outperformed by 16.63% the S&P500.

MB Financial Inc (NASDAQ:MBFI) Ratings Coverage

Out of 10 analysts covering MB Financial (NASDAQ:MBFI), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. MB Financial has been the topic of 16 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Friday, June 10 by Piper Jaffray. On Tuesday, January 12 the stock rating was upgraded by Macquarie Research to “Equal-Weight”. The rating was downgraded by Sandler O’Neill on Friday, August 26 to “Hold”. The stock of MB Financial Inc (NASDAQ:MBFI) earned “Market Perform” rating by Hovde Group on Tuesday, January 26. Hovde Group initiated the stock with “Market Perform” rating in Monday, September 21 report. The stock has “Market Perform” rating given by JMP Securities on Friday, September 16. Macquarie Research maintained MB Financial Inc (NASDAQ:MBFI) rating on Monday, October 19. Macquarie Research has “Neutral” rating and $33 price target. On Friday, August 26 the stock rating was maintained by DA Davidson with “Neutral”.

According to Zacks Investment Research, “MB Financial, Inc. is a bank holding company which conducts a commercial banking business through Manufacturers Bank.”

Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.05, from 1.12 in 2016Q1. The ratio improved, as 13 funds sold all MB Financial Inc shares owned while 54 reduced positions. 19 funds bought stakes while 56 increased positions. They now own 52.80 million shares or 1.69% less from 53.70 million shares in 2016Q1.
Legal & General Public Limited Company holds 0% or 15,460 shares in its portfolio. Lord Abbett Lc has 127,223 shares for 0.01% of their US portfolio. Louisiana State Employees Retirement has invested 0.06% of its portfolio in MB Financial Inc (NASDAQ:MBFI). Teachers Advsrs has invested 0.01% of its portfolio in MB Financial Inc (NASDAQ:MBFI). First Tru Advsrs Lp has 118,016 shares for 0.01% of their US portfolio. Ridgeworth Mgmt Ltd Com holds 1.70 million shares or 0.55% of its portfolio. Blackrock Inv Ltd Limited Liability Company holds 0.01% of its portfolio in MB Financial Inc (NASDAQ:MBFI) for 325,568 shares. Assetmark Inc has 528 shares for 0% of their US portfolio. Aqr Cap Mgmt Ltd Com last reported 58,566 shares in the company. Public Employees Retirement Association Of Colorado holds 387,965 shares or 0.12% of its portfolio. Commercial Bank Of Montreal Can owns 62,481 shares or 0% of their US portfolio. Tower Rech Cap Limited Liability Corporation (Trc) last reported 1,344 shares in the company. Great West Life Assurance Company Can last reported 0% of its portfolio in the stock. Blair William And Il holds 120,456 shares or 0.04% of its portfolio. Texas Permanent School Fund holds 0.03% of its portfolio in MB Financial Inc (NASDAQ:MBFI) for 52,456 shares.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 12 sales for $2.67 million net activity. BOUMAN ROSE MARIE sold 1,424 shares worth $55,069. Shares for $587,711 were sold by HARVEY THOMAS H. FEIGER MITCHELL sold $251,485 worth of MB Financial Inc (NASDAQ:MBFI) on Tuesday, September 6. Shares for $25,800 were sold by Francoeur John. Wildman Brian J also sold $153,680 worth of MB Financial Inc (NASDAQ:MBFI) shares. YORK JILL E had sold 5,000 shares worth $210,357. Another trade for 5,000 shares valued at $180,269 was made by SANTO RONALD D on Wednesday, May 25.

More recent MB Financial Inc (NASDAQ:MBFI) news were published by: Globenewswire.com which released: “MB Financial, Inc. Approves Dividend on its Common Stock” on November 15, 2016. Also Nasdaq.com published the news titled: “Sunil Garg Appointed to MB Financial, Inc. Board of Directors” on November 02, 2016. Globenewswire.com‘s news article titled: “MB Financial, Inc. Reports Results of Its 2016 Dodd-Frank Act Company-Run …” with publication date: October 28, 2016 was also an interesting one.

MBFI Company Profile

MB Financial, Inc. (MB Financial), incorporated on July 2, 2001, is a financial holding company. The Company’s divisions include banking, leasing and mortgage banking. The Company’s primary market is the Chicago metropolitan area, in which the Company operates approximately 80 banking offices through its bank subsidiary, MB Financial Bank, N.A. (MB Financial Bank). Through MB Financial Bank, the Company offers a range of financial services to small and middle market businesses, and individuals in the markets that the Company serves. MB Financial Bank’s subsidiaries include LaSalle Systems Leasing, Inc. (LaSalle), Celtic Leasing Corp. (Celtic), MB Equipment Finance, LLC, (MB Equipment Finance) and MSA Holdings, LLC (MSA). MB Financial Bank also has a majority owned subsidiary with operating activities, Cedar Hill Associates, LLC (Cedar Hill).

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